Question

Who invented the insurance fund? What was the insurance that they invented for?

Answer 1

Robert Wallace and Alexander Webster invented insurance. It was for orphan and widows.

Answer 2

Who invented the insurance fund?

Benjamin Franklin

What was the insurance that they invented for?

United States. The first American insurance company was organized by Benjamin Franklin in 1752 as the Philadelphia Contributionship. The first life insurance company in the American colonies was the Presbyterian Ministers' Fund, organized in 1759.

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